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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    656 Kreag Rd Pittsford, NY 14534

    • Office buildings
    • 10,100 SF
    • 1.71 lot acres
    For Lease
    View listing
    $24 SF/Yr
    Last Sale
    Mar 17, 2025
    $749,000
    Value Estimations
    $670,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-6258223
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Prescott Lloyd / Employment Agency
    • DIAL Rochester / Communications Central
    • Lorenzo Annette / Accountant
    • Brindisi Insurance / Insurance Agency

    Property Details for 656 Kreag Rd

    Year built
    1978
    Lot size
    1.71 lot acres
    Property size
    10,100 SF
    Zone code
    RESTRC BUS
    Property type
    Office buildings
    APN
    264489 179.10-1-25.1
    APU
    264489179101251

    Description

    This exceptional 10,484 square foot executive office building, located at 656 Kreag Rd in Pittsford, NY 14534, presents a unique investment opportunity. Situated on a generous 1.71-acre lot, the Class B property boasts ample parking with space for 40 vehicles. The building features a flexible four-pod layout, making it ideal for either single or multi-tenant occupancy. Its zoning allows for Restricted Business and Commercial C-1 uses. The property benefits from a recently installed tear-off roof (2023) and newer HVAC units, ensuring efficient and cost-effective operation. Its prime location offers convenient access to I-490 Bushnell's Basin exit, placing it just 15 minutes from downtown Rochester and close to the New York State Thruway. The seller is offering owner financing, and may consider leasing back a portion of the space, with terms to be negotiated separately. This presents a compelling opportunity for investors seeking a well-maintained, strategically located office building in a thriving market. The property is zoned for Restricted Business and Commercial C-1 uses, providing flexibility for a variety of business types. Don't miss this chance to acquire a high-quality commercial property with significant upside potential.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $590,000
      ML approach
      $550,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $755,000
      Market price range: $448k - $1.39M
      AI Estimate
      $614,000
      Market price range: $241k - $1.17M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $910,000
      Current use
      COMMERCIAL (GENERAL)
      $730,000
      Change: -20% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Pittsford
    County
    Monroe
    State
    New York
    Longitude
    -77.4738
    Latitude
    43.0605
    CBSA code
    40380
    CBSA name
    ROCHESTER, NY METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    0
    $0.00
    $245,900
    $589,300
    $835,200
    -
    $346,327
    $829,973
    $1,176,300

    Comparable in this City

    • Value Estimation
      $780,000
      10,158 SF

      271 Marsh Rd

      PROFESSIONAL BUILDING • 10,158 SF
      271 Marsh Rd, Pittsford, NY 14534-1655
      View Details
    • Value Estimation
      $875,000
      24,244 SF

      1173 Pittsford Victor Rd

      OFFICE BUILDING • 24,244 SF
      1173 Pittsford Victor Rd, Pittsford, NY 14534-3841
      View Details
    • Value Estimation
      $965,000
      30,400 SF

      1160 Pittsford Victor Rd

      OFFICE BUILDING • 30,400 SF
      1160 Pittsford Victor Rd, Pittsford, NY 14534-3825
      View Details
    • Value Estimation
      $3,405,000
      48,301 SF

      179 Sullys Trl

      OFFICE BUILDING • 48,301 SF
      179 Sullys Trl, Pittsford, NY 14534-4500
      View Details
    • Value Estimation
      $12,665,000
      101,804 SF

      99 Garnsey Rd

      OFFICE BUILDING • 101,804 SF
      99 Garnsey Rd, Pittsford, NY 14534-4565
      View Details
    • Value Estimation by Request
      1,554 SF

      65 Monroe Ave Ste C

      PROFESSIONAL BUILDING • 1,554 SF
      65 Monroe Ave Ste C, Pittsford, NY 14534-1318
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      38,560 SF

      High-Tech Mixed-Use Commercial Building

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      Pittsford Village Green Office Condominium

      Office condominium suitable for diverse professional and service-oriented uses.
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      Pittsford Office Building For Sale

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    • $89,900
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      Residential Land in Pittsford, NY

      Land ideal for small house design in Pittsford, NY.
      1344 Marsh Rd, Pittsford, NY 14534
      View Details
    • Contact for pricing

      Vacant Land Near Pinnacle Church

      Approximately 4 acres of vacant land in Henrietta, New York.
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      Pittsford Commercial Building For Sale

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    Similar Nearby for Lease

    • Contact for pricing
      156,904 SF

      Class A Office Space Available

      60,000 SF office space for rent in Pittsford, NY.
      99 Garnsey Rd, Pittsford, NY 14534
      View Details
    • $18 SF/Yr
      20,000 SF

      Pittsford Office Space Available

      Prime Pittsford location, flexible office suites.
      1170 Pittsford Victor Rd, Pittsford, NY 14534
      View Details
    • $14 SF/Yr
      5,035 SF

      Meadowgate Office Park: Prime Medical Space

      Spacious Medical/Executive Offices, Monroe County
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      View Details
    • $17 SF/Yr
      2,465 SF

      Office Space in Pittsford, NY

      Office space available for rent in Pittsford, NY.
      1159 Pittsford Victor Rd, Pittsford, NY 14534
      View Details
    • $24 SF/Yr
      10,484 SF

      Renovated Office Space in Pittsford

      Renovated office building with ample parking in Bushnell Basin.
      656 Kreag Rd, Pittsford, NY 14534
      View Details
    • $18 SF/Yr
      6,947 SF

      Pittsford Office Park: Prime Location

      Modern office suites, flexible sizes, ideal Pittsford setting.
      115-151 Trl, Pittsford, NY 14534
      View Details
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    656 Kreag Rd
    Pittsford, NY 14534
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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